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Tax Year 2023 Corporate/Individual Tax Returns

Friends and Family as Financiers: Borrowing for Your Bellingham, MA Business

Posted by Ann Irons, CPA

Aug 5, 2014 3:02:00 PM

$30,000 – that’s the average cost of setting up shop and starting your own business these days. It may not seem like much at first until you consider the competition for loans and the difficulty securing a hefty investment up front. When you’re unable or unwilling to seek loans from private lenders and banking institutions, your natural inclination may be to approach friends and families. Here are a few things to keep in mind, compliments of Ann Irons, a small business CPA in Bellingham, MA.

Weighing Your Options

Before you approach a prospective financier, consider the advantages and disadvantages you may encounter over the course of business:


  • You’ve already established trust
  • Fewer requirements must be met
  • Subjectivity, or the “We know him; he’s a good guy” advantage
  • Cash is usually received sooner
  • Less paperwork


  • Lender may expect to gain control over decision-making in exchange for funding
  • Failure or delays in repayment can harm relationships
  • Other perceived entitlements, such as free or discounted merchandise or services
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Topics: Family Business, Small Business Accounting, Personal Finance

Fido, the Financial Windfall: Tax Breaks for Animal Lovers

Posted by Ann Irons, CPA

Jun 18, 2014 10:52:00 AM

They may not sit down at the dinner table with us or send letters from summer camp, but most pet owners consider their animals to be part of the family. This raises an interesting question. If we can claim expenses for raising children and providing care to other eligible dependents, can we also deduct expenses related to the care and maintenance of our pets? Absolutely, under certain circumstances, says Ann Irons, CPA. Irons, who provides financial planning and preparation of income taxes in Bellingham, MA.

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Topics: Individual Income Taxes, Personal Finance

Four Simple Ways to Get More From Your CPA

Posted by Ann Irons, CPA

May 30, 2014 11:04:41 AM

Managing your finances requires you to strike the perfect balance of earning, spending and saving. It’s not an easy task, as evidenced by the fact that only half of Americans’ have savings that exceed their income for one month. For those whose savings are less than or equal to one month’s income, it would take only one month to deplete their savings entirely. Then what? Ann Irons, a certified public accountant in Bellingham, MA, explains that saving money is critical to your long-term financial stability, but that sometimes you must spend money to make money, and ultimately to save money. She goes on to discuss the benefits of using a CPA and the best way to get more for your money.

A Little Preparation Goes a Long Way

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Topics: Individual Income Taxes, Personal Finance

Personal Finance for Today, Tomorrow, and Beyond

Posted by Ann Irons, CPA

Mar 11, 2014 1:00:00 PM

As head of household, the ability to make responsible, informed financial decisions determines the quality of life for yourself and your family. When things get hectic, poorly managed money could spell disaster. Fortunately, you have options for keeping tabs on your personal finances.

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Topics: Personal Finance

About Ann M. Irons, CPA LLC

ann_irons_head_shotAnn spent over 25 years in the financial service industry, gaining knowledge and experience that allows her to provide an array of tax, bookkeeping, and accounting services for her clients. Relying on a stringent code of ethics and a dedication to maintaining the highest industry standards, Ann works hard to ensure her clients receive the quality service they’ve come to expect. A member of AICPA and MSCPA, Ann has also had an article featured in the renowned publication, Banker and Tradesman. 

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